OverviewSuggest Edit

Orsted (formerly DONG Energy) is an energy company. It operates through Offshore, Onshore, and Markets and Bioenergy business segments. The company develops, constructs, and manages offshore and onshore wind and solar farms, energy storage facilities, and bioenergy plants, and provides energy products.
TypePublic
Founded2006
HQFredericia, DK
Websiteorsted.com
Employee Ratings4.5

Latest Updates

Employees (est.) (Dec 2020)6,179(-5%)
Job Openings108
Revenue (FY, 2020)KR50.2 B(-28%)
Share Price (Sept 2021)KR910.8(+2%)
Cybersecurity ratingAMore
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Key People/Management at Orsted

Mads Nipper

Mads Nipper

President and Chief Executive Officer
Marianne Wiinholt

Marianne Wiinholt

CFO
Henriette Fenger Ellekrog

Henriette Fenger Ellekrog

Executive Vice President, Chief HR Officer
Norsk Hydro

Norsk Hydro

Chairman of the Audit Committee
Martin Neubert

Martin Neubert

Chief Commercial Officer (CCO), Deputy Group CEO
Neil O'Donovan

Neil O'Donovan

Executive Vice President, CEO Onshore
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Orsted Office Locations

Orsted has offices in Fredericia, Gentofte, Boston, Chicago and in 3 other locations
Fredericia, DK (HQ)
Kraftværksvej 53 - Skærbæk
Gentofte, DK
Nesa Allé 1
Hamburg, DE
Van-der-Smissen-Straße 9
Den Haag, NL
Koninginnegracht 19
London, GB
5 Howick Pl, Westminster
Boston, MA, US
100 Oliver St One International Pl , Ste 2610
Show all (9)

Orsted Financials and Metrics

Orsted Revenue

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Orsted's revenue was reported to be kr50.15 b in FY, 2020 which is a 28.8% decrease from the previous period.
DKK

Revenue (FY, 2020)

50.2b

Revenue growth (FY, 2019 - FY, 2020), %

(28.8%)

Gross profit (FY, 2020)

24.4b

Gross profit margin (FY, 2020), %

48.6%

Net income (FY, 2020)

15.5b

EBITDA (FY, 2020)

16.6b

EBIT (FY, 2020)

9.0b

Market capitalization (22-Sept-2021)

382.6b

Closing stock price (22-Sept-2021)

910.8

Cash (31-Dec-2020)

6.2b

EV

418.2b
Orsted's current market capitalization is kr382.6 b.
Annual
DKKFY, 2018FY, 2019FY, 2020

Revenue

75.5b70.4b50.2b

Revenue growth, %

(7%)(29%)

Cost of goods sold

54.0b42.8b25.8b

Gross profit

21.5b27.6b24.4b
Quarterly
DKKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

19.7b16.9b12.8b18.8b17.3b14.5b18.2b10.0b8.8b

Cost of goods sold

12.7b13.3b10.0b11.0b10.7b9.3b8.0b6.5b3.8b

Gross profit

7.0b3.6b2.8b7.8b6.5b5.2b10.2b3.4b5.0b

Gross profit Margin, %

35%21%22%41%38%36%56%35%57%
Annual
DKKFY, 2018FY, 2019FY, 2020

Cash

3.5b7.1b6.2b

Accounts Receivable

10.7b8.1b6.7b

Inventories

13.9b14.0b14.7b

Current Assets

66.5b59.9b63.5b
Quarterly
DKKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

3.8k2.8k2.0k3.7k7.0k5.4k4.9k6.8k5.9k

Accounts Receivable

9.4k7.0k7.5k9.7k7.3k6.3k7.5k4.7k7.0k

Inventories

15.5k14.4k17.8k15.2k13.1k14.3k15.0k11.4k13.2k

Current Assets

60.7k59.8k60.2k66.8k69.1k69.5k57.6k49.7k63.2k
Annual
DKKFY, 2018FY, 2019FY, 2020

Cash From Operating Activities

10.3b13.1b16.5b

Purchases of PP&E

(14.7b)(22.4b)(27.0b)

Cash From Investing Activities

(1.0b)(11.0b)(16.6b)

Long-term Borrowings

(6.4b)(2.7b)(2.9b)
Quarterly
DKKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash From Operating Activities

(398.0m)3.3b(117.0m)(118.0m)7.5b871.0m(428.0m)9.2b1.9b

Purchases of PP&E

(2.1b)(3.1b)(4.2b)(3.8b)(3.1b)(6.7b)(5.2b)(3.8b)(9.3b)

Cash From Investing Activities

333.0m(4.5b)429.0m2.8b(7.3b)(7.2b)(2.0b)(2.9b)(3.8b)

Long-term Borrowings

(106.0m)(3.6b)(95.0m)(2.3b)(153.0m)(684.0m)(519.0m)(1.3b)
DKKQ1, 2018

Revenue/Employee

3.5m

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
Show all financial metrics

Orsted Operating Metrics

Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Generation Capacity (Offshore Wind), Gw

2.72.82.9333.33.63.63.63.84.14.44.4

Installed Capacity (Offshore Wind), GW

4.45.15.15.65.65.65.66.86.86.86.87.67.6

Load Factor (Offshore), percent

55%31%32%42%51%31%37%42%60%32%35%45%50%

Wind Speed (Offshore), M/S

10.37.97.79.110.488.59.212.188.29.710.5
Show all operating metrics

Orsted Acquisitions / Subsidiaries

Company NameDateDeal Size
Coronal Energy's development business (Onshore)December 31, 2019kr148 m
Deepwater WindOctober 08, 2018
Lincoln Clean EnergyAugust 10, 2018$580 m
2W Permian Class B Member LLC
2W Permian Holdco LLC
2W Permian Solar LLC
AB Baltic Grid
Acceber B.V.
Armadillo Solar Center LLC
Badger Wind LLC
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Orsted Revenue Breakdown

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Orsted revenue breakdown by business segment: 60.7% from Offshore, 38.0% from Markets & Bioenergy and 1.3% from Other

Human Capital Metrics

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Orsted Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Orsted Online and Social Media Presence

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Orsted News and Updates

Orsted Readies Divers to Fix Wind-Power Cables on Sea Floor

Orsted Readies Divers to Fix Wind-Power Cables on Sea Floor

Orsted Seeks Green Supermajor Role With $57 Billion Plan

Orsted Unveils $57 Billion Strategy to Be Top Green Supermajor

Ørsted signs a long-term power purchase agreement with Nucor

Nucor, a steel manufacturer, has signed a long-term agreement to purchase energy from the 367 MW wind farm in Texas. "Western Trail will utilise Nucor steel, demonstrating our ability to develop multilateral supply chain relationships," said Vishal Kapadia, Senior Vice President and Onshore Chief…

Ørsted kicks off offshore installation of Greater Changhua 1 & 2a Offshore Wind Farms

With all the permits and EIA approvals in place, Global offshore wind leader Ørsted is moving full speed ahead with full-scale offshore construction activities of the 900 MW Greater Changhua 1 & 2a Offshore Wind Farms. Ørsted will begin laying export and array cables and installing the offshore …

Orsted kicks off Greater Changhua 1&2a construction

Orsted is moving into the construction phase of the 900MW Greater Changhua 1&2a offshore wind farm off Taiwan. The developer has begun the horizontal directional drilling (HDD) to prepare for cable laying and scour protection work to make ready the seabed for foundation installation.

Orsted completes first phase of Skipjack staging port

Orsted has completed the initial phase of Maryland’s first offshore wind staging centre which is expected to service its 120MW Skipjack project. Once finished, Tradepoint Atlantic will be a 3,300-acre global logistics centre in Baltimore County, Maryland.
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Orsted Frequently Asked Questions

  • When was Orsted founded?

    Orsted was founded in 2006.

  • Who are Orsted key executives?

    Orsted's key executives are Mads Nipper, Marianne Wiinholt and Henriette Fenger Ellekrog.

  • How many employees does Orsted have?

    Orsted has 6,179 employees.

  • What is Orsted revenue?

    Latest Orsted annual revenue is kr50.2 b.

  • What is Orsted revenue per employee?

    Latest Orsted revenue per employee is kr8.1 m.

  • Who are Orsted competitors?

    Competitors of Orsted include Semco Maritime, Vattenfall and Iberdrola.

  • Where is Orsted headquarters?

    Orsted headquarters is located at Kraftværksvej 53 - Skærbæk , Fredericia.

  • Where are Orsted offices?

    Orsted has offices in Fredericia, Gentofte, Boston, Chicago and in 3 other locations.

  • How many offices does Orsted have?

    Orsted has 9 offices.